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Xactware, Loss Technology Services Target Water-Loss Claims

Xactware Solutions, Inc. and Loss Technology Services, Inc. have combined two of their most popular offerings in order to provide water-mitigation solutions for insurance repair and restoration

By Eric Gilkey | Updated on May 06, 2008

Xactware Solutions, Inc. and Loss Technology Services, Inc. have combined two of their most popular offerings in order to provide water-mitigation solutions for insurance repair and restoration professionals.Loss Technology Services’ Water Event Manager is an online tool that utilizes sophisticated algorithms based on industry standards and drying science. When combined with Xactware’s pricing research and estimating software Xactimate, the two tools work in conjunction with each other to help ensure accurate and reasonable water mitigation services on each claim by providing real-time project scope and projected pricing estimates for water-loss claims.Loss Technology Services’ CEO Christopher Uhland said in a release that the demand for verification of property repair services is significantly increasing as insurers attempt to reduce severity and loss adjustment expenses. He said that the combination of the two products provides two important solutions: scientific verification of project scope and administration, and the respected pricing research from Xactware.”Using Xactware tools with Water Event Manager will truly revolutionize how property loss claims are processed,” said Uhland. “Our users will benefit from objective, real-time validations of water-loss services that result in appropriate claim cycle time and costs.”More information is available at www.losstechnologyservices.com/may29. Interested in more technology tools/software news and in-depth articles? Head over to Claims’ technology tools/software channel for more information.

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